SOURCE: Mizati Luxury Alloy Wheels, Inc.

May 19, 2008 09:19 ET

Mizati Makes Significant Advancements in Its Transition to a Bigger Exchange

LOS ANGELES, CA--(Marketwire - May 19, 2008) - Mizati Luxury Alloy Wheels, Inc. (PINKSHEETS: MZTI), an importer and wholesaler of high-quality luxury alloy wheels, announced that it is in the process of finalizing its audit and preparing documentation necessary to file a registration statement with the U.S. Securities and Exchange Commission (SEC) with the goal of transitioning the Company to the OTC BB exchange.

Mizati is one step closer towards its goal of making the transition to the OTC BB exchange. The Company has engaged legal counsel with special expertise in securities matters, to assist in the preparation and filing of Form 10-SB with the SEC. The Company is currently wrapping up an external audit and is expecting to submit a filing during the next 60 days.

"We have made significant advancements in the process to file our Form 10," said CEO, Hazel Chu. "Completing our audit will be an important milestone for the Company. It is a testament to existing stakeholders that we are committed to taking Mizati to the next level. We are looking forward to becoming a fully reporting public company."

About Mizati Luxury Alloy Wheels, Inc.

Mizati Luxury Alloy Wheels, Inc. ("Mizati") is an innovative designer and importer wholesaler of custom luxury alloy wheels for passenger cars, sport utility vehicles, vans and light trucks. Mizati currently markets and distributes three separate and unique brands of luxury wheels, Mizati®, Hero™, and Zati™ through a network of 425 dealers and distributors. Mizati's mission is to be the premier brand and designated source for affordable luxury wheels.

For more information about Mizati Luxury Alloy Wheels, Inc. (PINKSHEETS: MZTI), visit the Company Web site at http://www.mizatiwheels.com.

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Any statements that are not historical facts contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in MZTI Securities and Exchange Commission filings. MZTI undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.

Contact Information

  • Contact:
    Mizati Luxury Alloy Wheels, Inc.
    Grace C. Wang
    VP of Investor Relations
    (909) 525-1363
    Fax: (909) 525-1366
    Email Contact